An externality can be defined as:
A) An impact of an external group or entity on the reporting organisation.
B) Impacts that a reporting organisation has on parties that have a direct financial relationship with the organisation.
C) Impacts that a reporting organisation has on parties that are external to the organisation; parties that typically have no direct relationship with the organisation.
D) Impacts on the organisation that are not of an economic nature and which are caused by environmental protection regulations.
E) None of the given answers.
Correct Answer:
Verified
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